Why Does Saudi Aramco Need to Issue a Bond?

The transcript discusses Saudi Aramco's financial strategies, including its bond issuance and plans for the world's largest IPO. The company is diversifying away from oil, investing in renewable energy, and increasing transparency to attract international investors. Recent meetings with banks indicate progress towards the IPO, expected in mid-2018. Aramco is preparing internally for investor inquiries and has numerous initiatives planned for the next 12-18 months.

What is the expected timeline for the Saudi Aramco IPO?

What steps has Saudi Aramco taken regarding financial advisors for the IPO?